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Since early 2010, total student loan debt has consistently outpaced other non-mortgage household debt.
Student debt rose to nearly $1.5 trillion in 2018.
General revenue — not the Medicare payroll tax — is now the largest source of Medicare’s financing.
The Social Security and Medicare Trustees released their annual reports, which show that these vital programs are on an unsustainable path.
The latest trustees reports make clear that Social Security and Medicare beneficiaries face substantial cuts in the near future unless policymakers take action to make these vital programs solvent.
The homeownership rate for young adult households has declined
The aging of the baby boom generation will boost the number of Americans age 65 and older.
The elderly population is growing rapidly and living longer.
8 million people — roughly the population of Massachusetts — have student debt greater than $50,000.